1615 Central Avenue, Alameda
11 Units

Offered at $3,050,000

Open House Schedule

  • Tuesday, September 10, 2019: 11:00 am to 12:30 pm
  • Tuesday, September 17, 2019: 11:00 am to 12:30 pm
  • Thursday, September 19, 2019: 11:30 am to 12:30 pm

Unit Highlights

  • 11 Spacious Units
  • • Ten 2 Bedroom/1 Bathroom Units
  • • One 1 Bedroom/1 Bathroom Unit
  • • One Non-Conforming Unit (potential for additional income)
  • • Includes Range/Oven | Refrigerator
  • • Ample Closet Space
  • • Gas Wall Heating
  • • Newer Carpet and Light Fixtures
  • • On-Site Tenant Parking

Investment Highlights

  • Units: 11 (plus 1 non-conforming studio with potential for additional income)
  • Total RBA: 7,560
  • Lot Size: 13,580
  • Year Built: 1959
  • Zone: R-4
  • GRM: 13.58 Current/8.89 Market
  • CAP: 4.71% Current/ 8.51 Market

Location Highlights

  • • Great Location in Alameda's East End
  • • Near South Shore Shopping Center and Park Street Shops, Restaurants, and Entertainment
  • • Close Proximity to I-880, I-980, and HWY 24
  • • Near Ferry Terminal and Fruitvale BART
  • • Easy access through the Park Street Bridge to Oakland and Other Points of Interest around the Bay Area